Economics MCQ Economics The Sugar Act of 1764 increased excise taxes on coffee. All else equal, this act caused the price that consumers paid for coffee to ________ and the equilibrium wage of coffee-producing labor to ________.

The Sugar Act of 1764 increased excise taxes on coffee. All else equal, this act caused the price that consumers paid for coffee to and the equilibrium wage of coffee-producing labor to .

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The Sugar Act of 1764 increased excise taxes on coffee. All else equal, this act caused the price that consumers paid for coffee to and the equilibrium wage of coffee-producing labor to .

a.) increase/increase
b.) increase/not change
c.) increase/decrease
d.) decrease/increase

Answer: C

Economics MCQ

The Sugar Act of 1764 increased excise taxes on coffee. All else equal, this act caused the price that consumers paid for coffee to ________ and the equilibrium wage of coffee-producing labor to ________.

The Sugar Act of 1764 increased excise taxes on coffee. All else equal, this act caused the price that consumers paid for coffee to ________ and the equilibrium wage of coffee-producing labor to ________.

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The Sugar Act of 1764 increased excise taxes on coffee. All else equal, this act caused the price that consumers paid for coffee to and the equilibrium wage of coffee-producing labor to .

The Sugar Act of 1764 increased excise taxes on coffee. All else equal, this act caused the price that consumers paid for coffee to and the equilibrium wage of coffee-producing labor to .